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One of the main eligibility criteria for first-home buyers is having a good credit score. This takes into account your total number of open accounts, level of debts, and repayment history.
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Your credit score is not set in stone as it varies per month depending on your current financial situation and actions.
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With a good credit score, you’ll improve your chances of securing your home loan.
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You’ll also have a better chance of getting a low-interest rate and other features and be in a better position to negotiate your terms with your lender and save yourself money in the long run.
